The National Empowerment Fund (NEF)

The National Empowerment Fund (NEF) is established by the National Empowerment Fund Act, 1998 (Act No. 105 of 1998). The NEF is a driver and thought
leader in promoting and facilitating black economic participation by providing financial and non-financial support to black empowered businesses, and promoting
a culture of savings and investment among black people.

The NEF provides business loans from R250 000 to R75 million across all industry sectors, for start-ups, expansion and equity acquisition purposes.